By Zacks Equity Research
Publication Date: 2026-03-24 13:30:00
Hewlett Packard Enterprise (HPE) looks like an interesting pick from a technical perspective, as the company has reached a key level of support. Recently, HPE broke above the 50-day moving average, suggesting a near-term bullish trend.
The 50-day simple moving average, one of the three major moving averages, is often used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day day is considered more important as it is the first marker of a bullish or bearish trend.
Over the past four weeks, HPE has gained 11.6%. The company currently holds a Zacks Rank #3 (Hold), another strong indication that the stock could rise further.
The bullish case solidifies once investors consider HPE’s positive earnings estimate revisions. No estimates have fallen over the past two months for the current fiscal year, compared with seven more, while the consensus estimate has also risen.
Investors should think about…
